Avery Dennison Corp (AVY)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,755,700 | 8,364,300 | 9,039,300 | 8,408,300 | 6,971,500 |
| Property, plant and equipment | US$ in thousands | — | — | 1,540,200 | 1,477,700 | 1,343,700 |
| Fixed asset turnover | — | — | 5.87 | 5.69 | 5.19 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $8,755,700K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales revenue. For Avery Dennison Corp, the fixed asset turnover has shown a consistent upward trend over the past few years, increasing from 5.19 in December 2020 to 5.87 in December 2022. This indicates that the company is generating more sales revenue per dollar of fixed assets invested, reflecting improved asset utilization efficiency.
However, it's worth noting that the data for December 2023 and December 2024 are not available (indicated by "—"), making it challenging to assess the trend in the most recent years. It would be essential to obtain the missing data to provide a more comprehensive analysis of the fixed asset turnover for Avery Dennison Corp. In general, a higher fixed asset turnover ratio suggests better operational efficiency and effective management of fixed assets to drive sales.
Peer comparison
Dec 31, 2024